Asking Price
Sq. Footage 1,350
NOI Net Operating Income
Cap Rate 6.20%

Attributes

Year Built 1993
Lease Type NNN
Current / Passing Rent
Lease Expiration 2026-10-31
Remaining Term 6 years, 9 months
Tenant Sonic Restaurants, Incorporated
Guarantor SONIC Corporation
Lot Size 0.89 ACRES

Property Description

Single-tenant Sonic fast food restaurant for sale in growing, affluent suburb of White House, located 20 miles north of Nashville. Positioned along Highway 76 and close to the major retail corridor that includes Kroger, Walmart, Walgreens and more. This Sonic is the only location in White House and serves a population of over 16,000 in a 3-mile radius.

Investment Highlights

  • Fee simple interest
  • Property includes an absolute NNN lease structure with over 7 years of primary term remaining
  • Lease is guaranteed by Sonic Corporation, the nation’s largest drive-in restaurant chain, serving more than 3 million customers a day
  • Zero landlord responsibilities
Peter Furest
Peter Furest
SVP, Capital Markets
Licensed in
NY - 10401232530
Brian Shanfeld
Brian Shanfeld
Managing Director, Captl Mkts
Licensed in
IL - 475.158824

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